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Strategies & Market Trends : today's chart

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To: TechTrader42 who wrote (325)8/10/1997 4:07:00 AM
From: Bill Sandusky   of 1267
 
Bill: In the third window of your BNS charts, with RedLine, AvgPrice 1 and StdDev, you have a fourth plot in dark blue, which isn't labeled. What indicator is that? It rides along the bottom in the AMES monthly chart and is now moving up as the other indicators move down.

The window I'm talking about is below the one with CCI and MACD.


Brooke... the indicator you reference is the Chaikin Oscillator and is one of the four indicators that make up the BNS combination. The others are the ones you mention. Chaikin works best when at opposite extremes with AvgPrice1 as in the expanded view of AMES. Even more effective when oversold (price at a high) or overbought (price at a low).

Looked at a monthly chart of AMES but apparently not seeing what you see. I see the Chaikin Oscillator at a high (overbought) at same time price is at a low (Jan '96 area). Currently Chaikin is at a low and price is at a high. Most times when these conditions exist, price will follow Yellow (AvgPrice1). Note that the Redline has started down on the monthly chart indicating (longer-term) the uptrend is ending. Take a look at what I'm seeing:

mindspring.com

Had a GREAT time at the wedding this evening. Believe me, those Philippino's know how to eat and have a good time. <g>

Hope the chart is helpful,
Bill
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